跨机场通程服务的上线让航线网络衔接更加顺滑，为上海建设复合型国际枢纽注入了重要技术支撑，同 时为全国民航跨机场协同发展提供了可复制、可推广的创新标杆。未来，东航将持续深化多机场、多场 景的通程服务建设，着力将技术能力拓展至更多始发站及枢纽机场。（编辑：贾昊天 校对：许浩存 审 核：韩磊） 此前，该项目已率先在兰州中川国际机场、西安咸阳国际机场率先投产。旅客从兰州、西安两地出发， 经上海虹桥机场中转至浦东国际机场搭乘航班时，可在始发机场一次性办理全程值机手续，即可享受行 李直挂最终目的地服务，真正实现"行李隐形、一票到底、无忧中转"的便捷出行体验。 《中国民航报》、中国民航网 记者钱擘 通讯员贾尔桢 报道：在近日由中国企业改革与发展研究会主办 的2025（第三届）企地合作论坛上，东航"一市N场通程值机"项目成功入选"2025央企产业链创新发展 优秀案例"。 针对国内多机场城市数量持续增加、跨机场中转流程繁琐等行业痛点，东航与中国航信联合推进"一市 N场通程值机"创新项目，实现了国内首创在同一城市不同机场之间的通程值机与行李直挂服务。来自 东航数科的信息显示，此项目打通了数据壁垒，整合航信"共翔"开放离港系统、东 ...

Core Insights - The aviation and airport sector experienced a slight increase of 0.26% on November 28, with Xiamen Airport leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Xiamen Airport (600897) closed at 16.26, up 3.17% with a trading volume of 54,400 shares and a transaction value of 87.63 million yuan [1] - Hainan Airlines (600221) closed at 1.73, up 2.37% with a trading volume of 4.72 million shares and a transaction value of 806 million yuan [1] - Shenzhen Airport (000089) closed at 6.94, up 0.58% with a trading volume of 99,880 shares and a transaction value of 68.31 million yuan [1] - China Eastern Airlines (600115) closed at 5.04, down 0.20% with a trading volume of 639,300 shares and a transaction value of 323 million yuan [1][2] Capital Flow - The aviation and airport sector saw a net outflow of 72.81 million yuan from institutional investors, while retail investors contributed a net inflow of 103 million yuan [2] - The detailed capital flow indicates that Hainan Airlines had a net inflow of 96.67 million yuan from institutional investors, while retail investors had a net outflow of 51.95 million yuan [3] - Xiamen Airport experienced a net outflow of 1.69 million yuan from institutional investors, but a net inflow of 4.48 million yuan from retail investors [3]

Core Viewpoint - The event "2025 Domestic Civil Aircraft Innovation Youth Forum" held in Nanchang aims to foster collaboration and innovation among young professionals in the domestic civil aviation sector, emphasizing the theme of "Youth Intelligence Manufacturing" [1]. Group 1: Event Overview - The forum was co-hosted by China Eastern Airlines and COMAC, gathering nearly a hundred young representatives from various aviation organizations to discuss the future of domestic civil aviation [1][3]. - Leaders from national civil aviation organizations encouraged youth to take on responsibilities in the operation of domestic civil aircraft [3]. Group 2: Discussions and Contributions - Young representatives engaged in discussions on topics such as talent development, operational innovation, and brand building, contributing practical ideas for optimizing domestic civil aircraft operations [7]. - The event included a site visit to Hongdu Group, where participants learned about technological innovation and industry advancements, reinforcing their commitment to ensuring the safe operation of domestic civil aircraft [10]. Group 3: Individual Contributions - 彭焕春 from COMAC highlighted breakthroughs in digital transformation, achieving a 95% efficiency in business processing and a 90% efficiency in route issue resolution through self-developed platforms [12]. - 王铭逸 from China Eastern Airlines shared experiences related to the C919 aircraft, expressing pride in contributing to national aviation safety and innovation [14]. - 王玉坤 from AVIC discussed the growth of the C919 fleet from 1 to 6 aircraft, emphasizing a rigorous safety management system [16]. - 李华锋 from China Southern Airlines introduced the "Tianji" flight planning system, achieving 100% operational performance in the first month of C919 commercial operations [18]. - 蒋雯君 from China Eastern Airlines presented the development plan for the C909 fleet in Jiangxi, which has expanded to 9 aircraft and covers 13 routes, enhancing regional visibility [20]. Group 4: Future Directions - The event concluded with the passing of the alliance's rotating chairmanship to AVIC, indicating ongoing collaboration and commitment among aviation youth to contribute to the domestic civil aircraft sector [20].

Core Viewpoint - The Eastern Airlines Gansu Branch has successfully implemented its winter flight schedule, demonstrating its robust winter operation support capabilities amid challenging weather conditions, particularly during the first significant snowfall of the season [1][2][4]. Flight Operations and Route Optimization - The Gansu Branch officially commenced its winter flight schedule on October 26, optimizing flight routes to better serve local economic development and meet passenger travel needs [2]. - New direct flights from Lanzhou to Changchun and Hohhot have been added, enhancing connectivity between Northwest and Northeast China, as well as North China [2]. - The branch has optimized multiple connecting routes and launched a new weekly service from Dunhuang to Shanghai, linking Silk Road culture with modern urban life [2]. - Internationally, the branch continues to operate flights to Nagoya and Kuala Lumpur while introducing a new weekly service from Lanzhou to Bangkok, further expanding Gansu's international connectivity [2]. Safety and Weather Preparedness - The Gansu Branch has established a comprehensive safety protection system to address the challenges posed by winter weather, including a dynamic early warning mechanism and scientific resource allocation [2][3]. - During the first snowfall on November 24, the operations command center effectively coordinated to ensure on-time flight operations [2]. Maintenance and Ground Services - All aircraft underwent thorough inspections focusing on critical components to ensure their airworthiness in low temperatures [3]. - The ground service department conducted comprehensive maintenance on 59 operational vehicles and added three new tow trucks to enhance snow transport capabilities [3]. - De-icing and snow removal equipment were deployed during heavy snowfall to ensure timely departures of morning flights [3]. Service Quality Enhancement - The Gansu Branch emphasizes service quality, particularly during extreme weather, ensuring passenger safety and comfort [4]. - The ground service department has improved its response system for extreme weather, ensuring timely snow removal and passenger assistance [4]. - Cabin services have introduced a "Warm Winter" initiative, providing suitable meals and beverages to enhance passenger comfort during travel [4]. - A proactive service guarantee system has been established to address potential service challenges during winter operations [4].

Core Insights - The "2025 Domestic Aircraft Science and Technology Youth Forum" was held in Nanchang, organized by China Eastern Airlines and COMAC, gathering nearly a hundred young representatives from various aviation organizations to discuss domestic aircraft operations and innovations [1][2]. Group 1: Event Overview - The forum focused on topics such as the cultivation of talents in domestic aircraft operations, operational innovations, and brand building, contributing practical ideas for optimizing domestic aircraft operations [2]. - Representatives from various organizations, including the Civil Aviation Youth League and China Eastern Airlines, encouraged young participants to take on responsibilities in domestic aircraft operations [2]. Group 2: Youth Contributions - Young representatives shared their experiences and insights from the front lines of domestic aircraft operations, highlighting their growth alongside domestic aircraft [2]. - A team member from COMAC's large aircraft intelligent operation and maintenance innovation center reported a 95% improvement in business processing efficiency and a 90% improvement in route issue resolution efficiency through self-developed platforms [2]. Group 3: Achievements and Innovations - A young maintenance employee from China Eastern Airlines shared experiences related to the C919 aircraft, emphasizing the importance of safety and innovation in operational practices [2]. - The C909 fleet from China Eastern Airlines has expanded to 9 aircraft, covering 14 destinations, and has become a promotional tool for local agricultural products and the image of Jiangxi province [2]. Group 4: Future Collaboration - The forum included a visit to Hongdu Group for on-site learning about technological innovation and industry advancements in aviation [4]. - The China Eastern Airlines Youth League passed the leadership flag to the next chair, AVIC Group, committing to continue building platforms and deepening collaboration among youth in the domestic aircraft sector [4].

Core Insights - The report highlights a positive growth trend in industrial enterprise profits for the first ten months of 2025, with a total profit of CNY 59,502.9 billion, reflecting a year-on-year increase of 1.9% [5][6] - The report emphasizes the impact of raw material prices on the profitability of industrial enterprises, indicating that these prices remain a significant drag on earnings [5][6] - A new consumption promotion plan issued by six ministries aims to optimize the supply structure of consumer goods by 2027, creating three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots [8][9] Macroeconomic Overview - Industrial enterprises maintained a year-on-year profit growth, although the growth rate slowed by 1.3 percentage points compared to the previous three quarters [5] - In October, industrial profits saw a year-on-year decline of 5.5%, with a month-on-month drop of 27.1 percentage points [5] - The report notes that the mining sector's contribution to profits has been consistently low this year [5] Revenue and Cost Analysis - For the first ten months, industrial enterprises reported a revenue growth of 1.8%, with a slight decrease in revenue per hundred yuan of assets to CNY 74.5 [6] - Operating costs increased by 2.0%, with the profit margin remaining stable at 5.3% [6] - The report indicates that industrial production activities remain active, but pricing pressures persist, with PPI and production material PPI showing negative year-on-year growth [6][7] Consumption Promotion Plan - The plan aims for a significant optimization of the consumer goods supply structure by 2027, with a focus on new technologies and innovative business models [8][9] - It emphasizes the importance of matching supply with diverse consumer needs, including specific demographics such as children, students, and the elderly [10] - The report outlines the creation of new consumption scenarios and business formats, supported by a favorable development environment [11] Investment Recommendations - The report suggests focusing on companies related to employment, tourism, and cultural consumption, as well as those involved in sports events and creative industries [12]

Core Points - The world's longest one-way flight route will officially launch in December, connecting Shanghai Pudong, Auckland, and Buenos Aires, as authorized by the Argentine government [1] - The flight will take approximately 25 hours and is expected to attract a surge of Chinese tourists to Argentina [1] - The route will operate two round trips per week starting from December 4, with high seat occupancy rates reported for initial flights [1] Summary by Sections Flight Route and Operations - The new route is designated as a commercial flight connecting antipodal cities, marking a record for the longest one-way flight [1] - The airline, China Eastern Airlines, has been authorized to operate regular and irregular transport services within Argentina [1] - The flight will have a technical stop in Auckland but will be considered a direct flight as passengers do not need to change planes [1] Passenger Demand and Pricing - Initial occupancy rates are high, with 97% from Shanghai to Auckland, 98% from Auckland to Buenos Aires, 47% from Buenos Aires to Auckland, and 85% from Auckland to Shanghai [1] - Ticket prices for economy class range from 8,490 to 10,240 RMB [1] Tourism Impact - The route is expected to create a "Chinese tourist boom" in Argentina, particularly for popular attractions like Iguazu Falls and Moreno Glacier [2] - New Zealand will implement a transit visa waiver policy for Chinese travelers in Auckland, facilitating easier travel [2]

Market Overview - The U.S. stock market showed a significant upward trend, with major indices rising for the fourth consecutive trading day, indicating a recovery in market sentiment[9] - The CBOE Volatility Index (VIX) dropped approximately 35% over four days, marking its largest decline since mid-April[9] - The Hang Seng Index closed at 25,928, up 0.13% for the day and 29.25% year-to-date[3] Sector Performance - Large tech stocks exhibited mixed results, with Meituan surging 5.65% while Kuaishou fell nearly 3%[9] - Paper stocks led gains, with Nine Dragons Paper up 5% and Lee & Man Paper up 4.88%, driven by price hikes in packaging and cultural paper products[9] - Airline stocks performed strongly, with China Eastern Airlines rising nearly 7%[9] Economic Indicators - The Federal Reserve's Beige Book indicated a further decline in U.S. consumer spending, reflecting a stagnant economic activity[13] - Initial jobless claims in the U.S. fell to 216,000, the lowest level since mid-April, suggesting a tightening labor market[13] - Morgan Stanley economists adjusted their rate predictions, now expecting a rate cut from the Fed in December rather than January[13] International Markets - The Nikkei 225 index in Japan rose by 1.9%, driven by strong tech sector performance and expectations of a potential rate hike by the Bank of Japan[13] - The Singapore Straits Times Index showed a year-to-date performance of 0.00%, indicating a stagnant market[3]

Group 1 - The core viewpoint of the articles highlights the successful resumption of the domestic-international "air-to-air" transit business at Yantai Airport, which enhances the efficiency of cross-border logistics and supports regional international air logistics development [1][2] - The first transit operation involved a shipment of 20 items weighing 361 kilograms, which was efficiently processed from arrival at Yantai to transfer to a subsequent flight to Incheon, receiving positive feedback from shippers and freight forwarding companies [1] - The collaboration between Yantai Airport and the customs office at the airport facilitated a streamlined process, allowing for a "one-stop" service that simplifies customs procedures and enhances overall transit efficiency [1][2] Group 2 - The successful launch of the air-to-air transit service strengthens Yantai Airport's role as an international logistics hub and improves the layout of international freight transit routes, creating a more convenient air bridge between domestic markets and Northeast Asia [2] - Future plans for Yantai Airport include focusing on customer needs, optimizing transit process details, and expanding business coverage to provide safer, more convenient, and efficient air logistics solutions, contributing to the high-quality development of the regional open economy [2]

Core Insights - The report indicates that market volatility is driven by fluctuations in win rates rather than a complete reversal, suggesting that the index is expected to remain in a state of oscillation [5][6] - The overall market liquidity remains ample, with margin financing balances at 2.46 trillion yuan, placing it in the 97.5th percentile over the past three years [3] - The report highlights that the recent market decline reflects a phase of win rate logic fluctuations, primarily influenced by external factors such as the Federal Reserve's interest rate decisions and concerns over AI-related debt [3][4] Market Analysis - The technology sector continues to face adjustments primarily due to expectation volatility, with the AI industry chain experiencing high valuations and limited upside potential [4] - Defensive demand and a slight recovery in domestic inflation are benefiting dividend and cyclical styles, as indicated by a 0.2% year-on-year increase in October CPI, marking the first positive change in four months [4] - The report notes that the win rate logic has not shifted, with the Federal Reserve's interest rate trajectory remaining below expectations, while the U.S. economy may require further rate cuts [5] Investment Strategy - The report suggests a focus on sectors with lower crowding within technology, such as gaming and media, while also recommending global pricing resources like gold and copper due to the backdrop of overseas rate cuts and fiscal expansion [6] - The December stock selection includes a mix of ETFs and individual stocks across various sectors, emphasizing a defensive strategy amid market oscillation [9][10]